SPX500 is quickly approaching 3195.7500. We expect either a breakout through this line, or a rebound.

SPX500 is heading towards a line of 3195.7500. If this movement continues, we expect the price of SPX500 to test 3195.7500 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.